Incentive AS Acquires 797,893 Shares of Smurfit Westrock Ltd (NYSE:SW)

Incentive AS lifted its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 53.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,285,423 shares of the company's stock after acquiring an additional 797,893 shares during the period. Smurfit Westrock accounts for approximately 61.1% of Incentive AS's holdings, making the stock its biggest position. Incentive AS owned approximately 0.44% of Smurfit Westrock worth $123,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in Smurfit Westrock in the 4th quarter worth about $25,000. Versant Capital Management Inc purchased a new position in shares of Smurfit Westrock in the fourth quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after acquiring an additional 279 shares during the period. Deseret Mutual Benefit Administrators purchased a new stake in shares of Smurfit Westrock in the 4th quarter valued at approximately $30,000. Finally, Spire Wealth Management acquired a new position in Smurfit Westrock in the 4th quarter worth approximately $36,000. 83.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on SW shares. Barclays raised their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. Citigroup upped their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Morgan Stanley decreased their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Truist Financial initiated coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They set a "buy" rating and a $62.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $60.70.

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Insider Activity

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the sale, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. This trade represents a 17.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the sale, the insider now owns 44,361 shares in the company, valued at approximately $2,391,057.90. This represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Stock Performance

SW stock traded up $0.46 during midday trading on Monday, hitting $44.67. 1,092,562 shares of the company traded hands, compared to its average volume of 4,554,070. The business has a 50 day simple moving average of $51.26 and a 200-day simple moving average of $50.66. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $56.99. The stock has a market capitalization of $23.32 billion, a price-to-earnings ratio of 81.22 and a beta of 0.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. As a group, equities research analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were issued a dividend of $0.4308 per share. The ex-dividend date was Friday, February 14th. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.86%. Smurfit Westrock's payout ratio is 312.73%.

About Smurfit Westrock

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.